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March 09, 2023
MongoDB, Inc., Campbell Soup Co, Asana, Inc. are the ones to read about today.
Markets completed a mixed session yesterday while Nasdaq gained 0.4% and closed at 11,576. Dow Jones closed at 32,800, a 0.18% change.
Asana, Inc. & ZIM Integrated Shipping Services Ltd. have released their earnings reports; GoHealth, Inc. & GameStop Corp. will publish their respective reports in due course.
What is an earnings report?
An earnings report is an official statement of a company's profitability over a certain period of time. Usually, these reports are released four times a year (quarterly reports) and have a significant impact on the market. These announcements are typically taken into consideration when making predictions.
Markets are flat and stocks have released their quarterly earnings reports. Here is an update on what to look out for.
MongoDB | Retains upward momentum since earnings report yesterday
MongoDB, Inc. released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.98 per share on revenue of $361.31 million, topping estimates of -1.18 per share on revenue of $303.47 million. Since the release of its earnings report, MongoDB, Inc. gained 2.26%.
After closing at $223.65 on Tuesday, MongoDB maintained a strong bullish bias that helped the stock close higher at $228.7 yesterday. However, market bears ensured the the database developer topped out at $231.86 and that by the end of the session, the market had marked out a distinct $224 to $231.86 range.
MongoDB hit a significant low of $137.35 around 3 months ago, but has since recovered 62.83%. So far this year, it has been beating the Nasdaq by 10.13%. The database developer's market cap currently stands at $15.85 billion with an average daily volume of 1.50 million shares.
Campbell Soup | Retains upward momentum since earnings report yesterday
Campbell Soup released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of 0.8 per share on revenue of $2.48 billion, topping estimates of 0.73 per share on revenue of $2.44 billion. Since the release of its earnings report, Campbell Soup gained 1.94%.
The defensive consumer stock closed Tuesday at $52.13. yesterday, it gained 1.94% and remained around $53.14.
The defensive consumer stock reached a significant high of $57.55 around 2 months ago but has lost 9.42% since then. So far this year, it has been doing worse than the S&P 500 by 9.75%. Campbell Soup has a market cap of $15.91 billion with an average daily trading volume of 2.43 million shares.
Asana | Retains upward momentum since earnings report yesterday
Asana released its quarterly earnings report yesterday, beating analysts estimates. The company reported earnings of -0.4 per share on revenue of $150.23 million, topping estimates of -0.47 per share on revenue of $145.12 million. Since the release of its earnings report, Asana gained 1.83%.
The web and mobile application developer rose as high as $18.18 before giving up its gains and dropping back to $17.8 before the close on yesterday. Daily trading volume (6.29 million shares) was above the current multiday average of 3.20 million.
Thor Industries | Retains downward momentum since earnings report Tuesday
The company reported earnings of 0.5 per share Tuesday, falling short of expectations of 1.1. Revenue was also lower than expected at $2.35 billion versus $2.52 billion. Thor Industries lost 4.47% since the release of its earnings report.
The US recreational vehicle manufacturer has recovered almost all of its session losses after dipping down to $86.06 yesterday.
The US recreational vehicle manufacturer has fallen back around 13.42% over the past a month, from a notable high of $102.87. Thor Industries's market cap currently stands at $4.92 billion with an average daily volume of 633,100 shares.
Casey's General Stores: mixed results
Casey's reported earnings results Tuesday, with EPS at 2.36 and revenues at $3.33 billion; these results are mixed when compared to a consensus of 1.83 Earnings Per Share and $3.52 billion revenue. Since the release of its earnings report, Casey's gained 2.88%.
The US convenience store chain went up to $217.82, gaining 3.87%.
Over the past 2 months, the convenience store company has retreated 15.66% from a noteworthy peak of $248.63. Casey's's market cap is currently $8.12 billion with an average daily trading volume of 261,366 shares.
